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"Surprise Increase in U.S. Crude Inventories Sends Oil Prices Lower"

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Source: OilPrice.com
"Surprise Increase in U.S. Crude Inventories Sends Oil Prices Lower"
Photo: OilPrice.com
TL;DR

The American Petroleum Institute (API) reported a larger-than-expected decrease of 5.215 million barrels in U.S. crude oil inventories, contrary to analysts' predictions of a 1.2 million barrel draw. Gasoline inventories saw a significant build of 4.896 million barrels, while distillate inventories rose by 6.873 million barrels. Oil prices were trading up ahead of the API data release, with Brent crude at $77.42 and WTI at $72.07.

Topics:businessenergy-markets#api#crude-oil#energy-markets#gasoline#oil-prices#us-inventories
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  1. API Reports Unexpected Decrease in U.S. Crude Supplies  OilPrice.com
  2. Oil prices fall after surprise U.S. storage build  CNBC
  3. Crude oil moves lower after the inventory builds  ForexLive
  4. Oil Slides on Large Builds in Fuel Inventories  OilPrice.com
  5. US weekly EIA crude oil inventories +1338K vs -675K expected  Forex Factory

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